Key points
- BTC is trading around $98,000 after a 7% decline.
- DOGE could drop below $0.30 after falling nearly 20% over the past seven days.
Dogecoin and other major altcoins are underperforming
The cryptocurrency market has weakened over the past few days, wiping out nearly $300 billion in value during that period. Bitcoin, the largest cryptocurrency by market capitalization, fell about 7% in the last 24 hours and is currently trading near $98,979 per coin.
Meanwhile, Dogecoin lost roughly 12% of its value since yesterday and faces the possibility of sliding below $0.30. At the time of publication, the price of Dogecoin stood at $0.3128 per coin. Other leading altcoins including Solana (SOL), XRP, Cardano (ADA), and Chainlink (LINK) also dropped 10% or more over the past 24 hours.
What is iDEGEN?
The current market correction has not stopped investment in new projects. One of the larger projects preparing to launch on the Solana network is iDEGEN, a project that blends AI-driven features with a meme coin narrative.
iDEGEN is currently raising funds through a presale as it prepares to launch a suite of user-facing products and services. It aims to become the next major meme coin by leveraging artificial intelligence to generate highly shareable content and build a viral community around its token.
According to the project’s whitepaper, iDEGEN operates as an AI-driven tool that learns and adapts by ingesting community signals from X (formerly Twitter). While AI powers the platform, community interactions and “degen” behavior ultimately shape the tool’s development and output.
The native token, $IDGN, will power activity within the iDEGEN ecosystem. The team positions $IDGN as a meme coin that could capture significant market attention, tapping into the massive growth the meme coin sector has seen recently—jumping from a $20 billion to a $120 billion market cap in the past year, a roughly 500% increase.
The team expects the token’s exchange listings to occur within a month, and they suggest $IDGN could be among the stronger performers once it reaches centralized and decentralized exchanges.
iDEGEN ingests user contributions such as tweets, tags, and comments. The AI tool absorbs those posts into its knowledge base and refines its outputs over time. The project also intends to publish content on X regularly—approximately every 60 minutes—and can automatically generate and post memes based on community input.
iDEGEN presale surpasses $18 million
Despite bearish market conditions, investment into iDEGEN continues. The presale has progressed to a new phase after raising more than $18.3 million from early supporters.
At the current presale stage, $IDGN is priced at $0.0146, rising to $0.0161 in the next phase. In the final presale round, the token will be offered at $0.038, presenting early investors with significant potential returns before exchange listings.
After the presale concludes, $IDGN is slated for listings on both centralized and decentralized exchanges. With more than 21,000 holders already participating, the presale continues to attract additional investors.
Is $IDGN suitable for new investors?
iDEGEN could be an attractive option for new investors drawn to its distinctive value proposition. Presales are often viewed as one of the most favorable entry points for investing in new crypto projects, and the iDEGEN presale is expected to conclude in roughly 30 days.
By combining AI capabilities with a meme coin narrative, the project aims to offer strong upside potential. If the platform achieves wide adoption and its AI-driven content strategy proves effective, early participants could see notable returns once $IDGN begins public trading. Nevertheless, as with all crypto investments, prospective buyers should conduct their own research and understand the risks before participating.